Mario

Mario M. lives in his own home in the zone of San Martín on the west side of the city of La Paz with his wife and two kids. He works in a bakery in the zone of Cotahuma in the same city. His wife recycles the flour containers and sells them in a rural area. With their previous credits, they constructed two rooms, installed a sewer system, and completed 40% of a containing wall. This credit will be used to construct the second stage of the containing wall and to finish stabilizing the foundation of their home. This is the sixth occasion that Mario is requesting a loan, and our socioeconomic analysis shows that he qualifies for another loan. He has been an IMPRO client since 1999.

Additional Information

About IMPRO

IMPRO is a small non-profit organization that has been offering micro credit to the working poor in the Bolivian cities of La Paz and El Alto since 1995. IMPRO’s goal is to fight poverty by offering loans to small business owners who cannot access credit through the regular banking system due to a lack of guarantees or collateral.

To ensure that everyone has access to credit, IMPRO maintains a low interest rate by minimizing operational costs. IMPRO’s partnership with Kiva, which began in 2007, has allowed IMPRO to expand its services while maintaining these low interest rates.